Defeating the 'Domination' of the US Dollar

With bitcoin seemingly back to 'normal', Iran and Myanmar are talking about a sanction busting 'Muslim' cryptocurrency.

Brad Keoun: Bitcoin appears to have settled back into the range where it's traded for the past month, roughly in a range between $6500 and $7800.

As we head into the final weeks of the year, bitcoin is up 93 percent year-to-date, though traders are wondering if the price next year could rise back above that June high around $13,880.

Based in Japan, Mt. Gox was once the world's biggest Bitcoin exchange, until it closed in early 2014 after losing hundreds of thousands of bitcoins.

Thousands of Bitcoins have since been found, which have of course increased more than 10-fold over the past five years.

The Iranian government has been working on expanding the use of cryptocurrencies such as bitcoin to circumvent the U.S. sanctions.

The early users who gravitated to bitcoin were pretty much without exception outliers from society at large in some way.

It's been said that Bitcoin doesn't ignore borders, it transcends them as if none exist.

Reuters reported earlier this month that crypto miners are now using derivatives not just to hedge price risks, but to hedge against changes in bitcoin's hashrate, or the total amount of processing power on the network.

The companies estimate that some $3B USD of Bitcoin will be mined in 2020 alone, based on current prices.